Newsbrief: Microsoft today revealed Satya Nadella, a veteran of the company since 1992, as its third CEO effective immediately.

Nadella takes over the role from Steve Ballmer, and has in the past spearheaded strategy and technical shifts at Microsoft, including the company's development of its grand-scale cloud infrastructure, which currently supports the Xbox services.

In a letter to employees, Nadella said that he will aim to prioritize innovation centered around empowering users, and hopes to drive cultural change with the company's future work.

Microsoft also noted multiple other management changes. Bill Gates is stepping down from hs chairman role, and is now a technology advisor to Nadella. John Thompson will now take up Gates' chairman role.